Opening Bid
R60,000,000

Residential

LOT 294

73 Halt Road, Goodwood, Western Cape

  • GLA
    4,177m2
  • No. of Stories
    5
  • No. of Buildings
    1

Online Auction
27 Jan 2022 - 27 Jan 2022

Auction will start in:
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Property Description


HIGHLIGHTS:


THE STORY

Parkfair is situated on the corners of Halt and Tyne Avenue, Goodwood, Western Cape and is one the tallest buildings in the area.

This development, which is ideal for student accommodation or the general residential  marketis for sale as a turnkey project (bulk rental option also available).

Projected incomes for student accommodation: 238 beds

77 x1-beds @2 students x R3500/student = R539000/m

21 x2-beds: @4 students x R3500/student = R294000/m

Sub-total residential = R833000/m

Sub-total retail= R250000/m

Total= R1 083000/m

Goodwood is a residential district in Cape Town, Western Cape. It is known for the vast Grand West Casino and Entertainment World, home to movie theatres, a bowling alley, an ice rink, and restaurants. The N1 City Mall has major retail stores and entertainment, while steakhouses, pizzerias, and fast-food spots cluster on Voortrekker Road

Close amenities include (straight-line): Pick n Pay (1.2km's), Grand West Casino (1.6km's), North-Link College (1.6km's), N1 City Mall (1.7km's) Cape Town Market (3.7km's), Tygerberg Hospital (3.8km's), Cape Town Int'l Airport (4.8km's), University of Western Cape (5.4km's)


VIEWINGS: Contact Clint Gronbeck (details below) for more information or to arrange a viewing

REGISTRATION FEE: R50 000 (refunded immediately if not winning bid)

BUYERS PREMIUM: 1.5% ex VAT

NOTE:


Please note the following will be required to register to bid:



DISCLAIMER: No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidStream or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidStream or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidStream or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, or inaccuracy of description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidStream or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidStream or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidStream or the vendor.

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Contact

 

Clint Gronbeck
[email protected]
BidStream
060 798 6629
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